1879 $1 J-1614, BN PR(PCGS#61992)

The Regency Auction 38

Auctioneer

Legend Rare Coin Auctions

Lot Number

305

Grade

PR64BN

Price

7,931

Lot Description

A very richly and originally toned example of this RARE Morgan dollar pattern. The obverse is a regular issue Proof die, while the reverse is somewhat modified, with a larger eagle, the letters smaller, and IN GOD WE TRUST not in Gothic font. Struck in copper with a reeded edge, this pattern is listed as a Low R-7, with an estimated 7-12 known; between PCGS and NGC there are 17 total on the Population and Census Reports, no doubt accounting for resubmissions and crossovers that have not been removed. The coppery surfaces have a watery reflection under a deep layer of chestnut, violet, olive, and rose iridescent hues. Sharply struck throughout, the devices have a wonderful frost. The eye appeal is excellent and these are very rarely seen in the marketplace. PCGS 2, NGC 1. There has not been any J-1614s in the BN category since 2008 when an NGC PR65 BN sold in the FUN auction. The current Collectors Universe value is listed at $8,000 and that level may prove low when this one sells. Good luck! Cert. Number 35521006 PCGS # 61992.00